The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Monday) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme will be held on Wednesday, 12 May 2021, for settlement on Thursday, 13 May 2021.

An additional amount of HK$2.5 billion of the outstanding 10-year Bonds (issue no. 10GB2601) will be on offer. The Bonds will mature on 21 January 2026 and will carry interest at the rate of 1.68% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on 3 May 2021 is 104.81 with an annualised yield of 0.646%.

Under the Institutional Bond Issuance Programme, tender is open only to Recognized Dealers which are appointed as Primary Dealers. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the current published list, which can be obtained from the Government Bond Programme’s website at https://www.hkgb.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof.

Tender results will be published on the HKMA’s website, the Government Bond Programme’s website, the Reuters screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3:00 pm on the tender day.

Hong Kong Monetary Authority
3 May 2021


 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

Tender information of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

10GB2601 (Re-open)

Stock code

:

4230 (HKGB 1.68 2601)

Tender Date and Time

:

Wednesday, 12 May 2021

9:30 am to 10:30 am

Issue and Settlement Date for tender amount

:

Thursday, 13 May 2021

Amount on Offer

:

HK$2.5 billion

Maturity              

:

5 years

Remaining Maturity 

:

Approximately 4.70 years

Maturity Date

:

21 January 2026

Interest Rate    

:

1.68% p.a. payable semi-annually in arrears

Interest Payment Dates 

:

21 July 2021

21 January 2022

21 July 2022

25 January 2023

21 July 2023

22 January 2024

22 July 2024

21 January 2025

21 July 2025

21 January 2026

Method of Tender

:

Competitive tender

Tender Amount

:

Each competitive tender must be for an amount of HK$50,000 or integral multiples thereof.  Any tender applications for the Bonds must be submitted through a Primary Dealer on the current published list.

The accrued interest to be paid by successful bidders on the issue date (13 May 2021) for the tender amount is HK$257.75 per minimum denomination of HK$50,000.

(The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding).

Other details 

:

Please see Information Memorandum available on the Government Bond Programme’s website at https://www.hkgb.gov.hk or approach Primary Dealers.

Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited

:

The tender amount is fully fungible with the existing 10GB2601 (Stock code: 4230) listed on the Stock Exchange of Hong Kong.

 

Price/Yield Table of the re-opening Government Bonds at tender for reference* only:-

Yield-to-Maturity

Price

Yield-to-Maturity

Price

-0.354

109.64

0.646

104.78

-0.304

109.39

0.696

104.54

-0.254

109.14

0.746

104.31

-0.204

108.89

0.796

104.07

-0.154

108.64

0.846

103.84

-0.104

108.40

0.896

103.60

-0.054

108.15

0.946

103.37

-0.004

107.90

0.996

103.14

0.046

107.66

1.046

102.91

0.096

107.42

1.096

102.68

0.146

107.17

1.146

102.45

0.196

106.93

1.196

102.22

0.246

106.69

1.246

101.99

0.296

106.45

1.296

101.76

0.346

106.21

1.346

101.53

0.396

105.97

1.396

101.31

0.446

105.73

1.446

101.08

0.496

105.49

1.496

100.86

0.546

105.25

1.546

100.63

0.596

105.01

1.596

100.41

0.646

104.78

1.646

100.18

 

* Disclaimer

The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects. You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it. The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here.

Hong Kong Monetary Authority
3 May 2021



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